Ethiopia's Banks Resume Services In Tigray

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Above: A small group of Tigray protesters gather outside of the United Nations (UN) on March 29, 2021 in New York City. Image copyright: Spencer Platt/Staff/Getty Images News via Getty Images

The Facts

  • The Commercial Bank of Ethiopia (CBE) announced on Monday it has resumed services in some towns in the war-torn Tigray region, which had been suspended for more than a year, following the peace deal struck between the federal government and Tigrayan rebels.

  • State-run CBE stated its branches in Shire, Alamata, and Korem have started accepting money sent from abroad and locally, adding that residents can now deposit their money. It has been said, however, that depositors are not allowed to withdraw money previously saved in the bank.

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The Spin

Narrative A

The resumption of banking services in Tigray is part of the federal government's efforts to rehabilitate the region and provide relief to the Ethiopians affected by the regional conflict. Addis Ababa has also delivered humanitarian aid, including food, fuel, and medical supplies, while engaging in reconstruction activities focused on electric transmission lines and telecommunications.

ENA

Narrative B

It's true that the federal government has allowed more food and medical supplies into Tigray since warring sides agreed to a permanent ceasefire, but the region still faces a shortage of humanitarian aid deliveries as the siege is not yet completely lifted. Addis Ababa is clearly weaponizing aid to undermine the Tigrayan authorities, a move that could reignite the conflict.

Ethiopia Insight

Metaculus Prediction